While 41% of European aviation fuel goes through the strait of Hormuz, market analysts showed global shipments of jet fuel and kerosene fell below 2.3 million tonnes last week, the lowest level on record. The world uses about 100 million barrels of oil a day, most of it from oilfields, with about 15 million barrels a day typically passing through Hormuz.
Less than a year after announcing plans to establish a hydrogen-based aviation fuel hub at Pittsburgh International Airport, Pennsylvania-based natural gas producer CNX has quietly taken down the website on which it advertised the hub.